25 - YFI: Farming the Farmers | Andre Cronje

<p>Episode: #25<br /> August 10, 2020</p> <p>-----</p> <p>Tools from our sponsors to go bankless:</p> <ul> <li><a href="https://bankless.cc/loopring-VIP">Loopring</a> - trade & pay on Ethereum w/ near-0 gas fees!<br /> <em>(use "Bankless" for VIP4 status & trades at 6bps!)<br /> <br /></em></li> <li><a href="https://bankless.cc/3e2TG4E">Monolith</a> - holy grail of bankless Visa cards<br /> <br /></li> <li><a href="https://bankless.cc/aave">Aave</a> - money lego for lending & borrowing<br /> <br /></li> <li><a href="https://bankless.cc/2C57MVW">Rocket Dollar</a> - tax shelter your crypto ($50 w/ "<a href= "https://bankless.cc/2C57MVW">BANKLESS</a>")<br /> <em>(Read <a href= "https://bankless.substack.com/p/tax-shelter-your-crypto-in-an-ira">this on IRAs</a> and <a href= "https://bankless.substack.com/p/how-to-setup-a-crypto-401k-for-your">401ks)</a></em></li> </ul> <p>----</p> <p><span style="font-weight: 400;">Andre Cronje calls himself just another DeFi dev, but you can't help but wonder, is he's underselling himself with that title?</span></p> <p><span style="font-weight: 400;">In a few short months he single-handedly created a fleet of DeFi yield farming money robots that locked up over $400m in assets in his yearn protocol. He launched a YFI token that grew in value by over 1,000% in its first week, one of the most explosive price charts crypto has ever seen.</span></p> <p><span style="font-weight: 400;">No pre-mine, no VC, no founders reward.</span></p> <p><span style="font-weight: 400;">Maybe a better title is King of the Yield Farmers.</span></p> <p><span style="font-weight: 400;">DeFi's Satoshi.</span><span style="font-weight: 400;"><br /></span></p> <p><span style="font-weight: 400;">Who is this guy?</span></p> <p><span style="font-weight: 400;">What did he build and why is it brilliant?</span></p> <p><span style="font-weight: 400;">Why did YFI go from $3 on July 17th to $5000 on August 8th?</span></p> <p><span style="font-weight: 400;">This is everything you need to know about yearn, YFI, and Andre.</s